Home Hammond PI Blogs Boom after bust: legal claims against valuers
Boom after bust: legal claims against valuers
( 0 - user rating )
Written by Dave Hedgecock   
Friday, 04 February 2011 10:57

As lenders count their losses from the recession, 2011 could be the year that the number of lawsuits against property valuers explodes

Property is heading for another boom. But rather than yachts and champagne, this boom would be characterised by legal letters and court visits.

Professional negligence claims in the High Court have risen 130% from 147 in 2008 to 339 in 2009, Ministry of Justice figures published in December show.

Claims against surveyors and estate agents rose from one to 17 over that period. The hardest hit area is valuation, in an eerie echo of claims that soared after the late-1980s boom.

Property Week

4 February 2011


Search RSS
Only registered users can write comments!

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."


Live Help

Please Login

This login is only to access our forums and comment on the articles on this website.

If you want to access your PI Quote/Policy please Click Here to be redirected.

Follow the Blogs

Hammond PI Blogs
PI News Blogs

Methods of Payment

We accept the following methods of payment:

You can also make payments via Cheque.

Search HammondPI.com

Follow Us

Like and follow us on Facebook, Twitter and LinkedIn in order to stay up to date with the latest news relating to Professional Indemnity.